Claudia Goldin and Lawrence F. Katz, two Harvard economists, think yes. Their book, “The Race Between Education and Technology” (Harvard, $39.95), contains many tables, a few equations and a powerfully told story about how and why the United States became the world’s richest nation — namely, thanks to its schools.
The authors skillfully demonstrate that for more than a century, and at a steady rate, technological breakthroughs — the mass production system, electricity, computers — have been increasing the demand for ever more educated workers. And, they show, America’s school system met this demand, not with a national policy, but in grassroots fashion, as communities taxed themselves and built schools and colleges.